Empowering Parents Undertaking the Ultimate Financial Challenge
Little by little, it grows: Your Family. The seemingly never-ending checklist of essentials. The ever-increasing funds required to support your family’s ambitions. It increases and builds with time. And with StorkFund, so can your wealth and your ability to manage your family’s life-cycle expenses.
Parenting costs as much as it rewards.
And as the rewards multiply, the expenses intensify.
Opening a StorkFund enables parents to directly tackle the significant financial strain resulting from increasing family life-cycle expenses and to simultaneously boost their families' long-term financial security.
Arrival + Preparation
Fertility + Medical
Leave + Flexible Working
Care + Enrichment
Future Security
Use Your StorkFund to fund a range of arrival essentials, including:
- Cribs, bassinets, and other nursery items
- Diapers, wipes, bags, and changing tables
- Breastfeeding, bottling, and lactation supplies
- Strollers, car seats, and other vehicle modifications
- Baby clothing, proofing and home safety gear
- Adoption procedures and related preparation
Prepare for your bundle of joy without significant financial stress.
Use Your StorkFund to fund a range of medical expenses, including:
- Fertility, diagnostic, genetic, and neurodiversity testing
- Sperm and egg freezing, as well as procedures relating to IUI, IVF, and ICSI
- Deductibles, co-pays, and prescriptions (for you and your child’s mental and physical health needs)
- Lactation, doula, and night nursing support
- Surrogacy procedures and related preparation
Access the medical care you desire with minimal financial strain.
Use Your StorkFund to fund a range of leave scenarios, including:
- Funding all, or a portion, of your or your partner’s FMLA maternity, paternity, or adoption leave
- Providing full or partial funding for extended maternity, paternity, or adoption leave for you or your partner
- Offsetting the reductions in your household’s income which result from your or your partner’s need to request flexible work or part-time arrangements to accommodate your child-rearing responsibilities.
Maintain your household’s income while utilizing the leave and flexible working arrangements your family deserves.
Use Your StorkFund to fund a range of care and other services, including:
- Nannies, au pairs, caregivers, and daycare centers
- Pre-schools, nurseries, and education programs
- Before- and after-school care programs and emergency and drop-in childcare
- Tutors, holiday and academic camps, and performing arts and athletic classes
- Back-to-school expenses, including uniforms
Return and meaningfully remain in the workforce while providing for your child’s care and development.
Use Your StorkFund to establish your child's financial foundation, including:
- Funding a 529 Savings Plan, the most common and tax-optimized way to save for a child’s education, including elementary and secondary education
- Funding an Education Savings Account, a common and tax-optimized alternative to save for your child’s education
- Funding a Custodial Account to manage investments or savings on behalf of your child
- Funding a savings accounts
Maximize your child’s financial future and opportunities for success.
By saving regularly with StorkFund's high-yield savings and/or investment options:
Your consistent contributions, no matter how small, can grow faster and more substantially due to the power of compounding and your employer’s support; funding your existing and future family-life expenses, whether you’re saving to expand your family or to cover your existing family’s childcare, educational, financial, social, athletic, cultural, or mental and physical health needs.
Frequently Asked Questions
You've Got Questions? We've Got Answers.
Can I join the waitlist and open a StorkFund if my employer does not offer StorkFund as a benefit?
Absolutely. We're on a mission to deliver financial security to families navigating life's most important milestones; and that includes families employed by organizations which are yet to offer StorkFund as a benefit. Without an enrolled employer, you will still have access to all of the benefits, resources, earnings, and discounts provided to holders of employer-sponsored StorkFund accounts; however, funds you contribute will not be matched by your employer. We'll do everything in Stork's power to encourage your employer to support you on your path to financial security, as you choose to save early and regularly for your family's milestones.
Join the Waitlist to Open a StorkFund
Can I have both a StorkFund investment account and a StorkFund high-yield savings account?
Absolutely. With StorkFund, you can invest your funds, save, or do both, depending on your risk appetite and your family's needs. You can also easily change how your contributions are allocated between your StorkFund investment account and your Stork-Fund high-yield savings account at any time. Whether you're contributing 100% of your funds to your StorkFund investment account, or are allocating your funds equally between each of your StorkFund accounts, contributing to your StorkFund each paycheck will enable you to leverage the incredible power of compounding and maximize your family's financial well-being.
Stork Insight: The Power of Compounding
What is a family life-cycle expense?
A family life-cycle expense is any parenting expense arising during any stage of a family's growth and development. We've provided an indicative list of potential family life-cycle expenses for which funds from your StorkFund may be used, but as many parents are aware, the list of family life-cycle expenses is exhaustive, personal, nuanced and (potentially) never-ending. We believe we have the broader expense categories and uses identified, including expenses relating to arrival and preparation, fertility and medical, leave and flexible working, childcare and enrichment / extracurricular activities, and future financial planning. However, to achieve our mission of delivering financial security to families navigating life's most important milestones, we'll continue to flexibly apply an expanded assessment of "family life-cycle expenses." If there are any life-cycle expenses which you are particularly passionate or concerned about and which you want to ensure are considered family life-cycle expenses, we'd be happy to hear from you and provide direct eligibility confirmation.
Stork Insight: Understanding Family Life-Cycle Expenses
How much will I contribute to my StorkFund each month?
The amount you contribute to your StorkFund each month is entirely up to you; there is no minimum or maximum contribution amount. When you open your StorkFund, you will decide to contribute a fixed percentage (such as 3%) or a fixed amount (such as $500), to be deposited into your StorkFund on each of your pay dates. If your employer is providing StorkFund as a benefit and is therefore matching some, or all, of your contributions, we'd strongly suggest you consider contributing at least as much as your employer will match. Doing so will maximize the total contributions to your StorkFund account each pay date and will enable you to take full advantage of your employer's StorkFund benefit, leaving no "free money" on the proverbial table.
Start Contributing and Join the Waitlist to Open a StorkFund
Can I change the amount I contribute to my StorkFund each month?
Absolutely. The amount you contribute to your StorkFund each month is entirely up to you and you will be able to notify your employer each time you'd like to increase, decrease, or cancel your contributions. If your employer is providing StorkFund as a benefit and is therefore matching some, or all, of your contributions, we'd strongly suggest you consider contributing at least as much as your employer will match. Doing so will maximize the total contributions to your StorkFund account each pay date, together with the power of compounding, and will enable you to take full advantage of your employer's StorkFund benefit, leaving no "free money" on the proverbial table.
Stork Insight: The Power of Compounding